It was a cool dry morning. I was heading out to uni, a 1 hour trip. I was having a ball of a time, the traffic was heavy but the motorcycle lanes were clear and the lights changing at exactly the right times for the rockstar rolling start. I turn off Cleveland st on to City rd. I was in poll position with a nice rolling start. It's a nice right turn that you can gun it through. I race down city rd on my own to turn left on to Parramatta Rd. I'm having too much fun, trying to get as low as I can, taking corners fast. Then as I lean through the corner, my back wheel slips out big time. Time stood still. "I'm going down for sure (clean version)" I think. Reflexes kick in, my left foot slams into the ground at 60 km/h (toes are still a bit sore). As my foot kicks the ground the wheel stops slipping. I'm riding with the bike travelling 45 degrees to the direction it should be travelling. When I kicked I pushed hard on the right handle bar righting the bike. It throws me to the right. I don't know how I hung on but held it. The back wheel over corrects and fish tails a couple times shaking me all around. Then back to normal. Heart racing a million miles an hour as I replay the incident over and over for the rest of the ride. Lessons learnt: My tyres may have been too cold, I was on the bike 10 minutes when this happened and it was a chili morning. The rear tyre is new but not new enough to cause problems. This is a heavily pedestrian crossed intersection, so who knows I may have hit a bit of paper or some oil, hard to say. Go close but don't experiment with your limits on your daily commute, it isn't worth it.